Press Room

April 18, 2016

New York, New York – April 19th, 2016 – On Monday, the Dow Jones Industrial Average topped the 18,000.00 mark for the first time since July. The Dow Jones hit a high of 18,009.53 before settling to close at 18,004.16, up approximately 3.32 percent year-to-date. The Dow has rallied almost 15 percent from its lows in mid-February. Additionally the S&P 500 Index rose 0.65 percent to close at 2,094.34, up 2.47 percent year-to-date. All sectors in the S&P 500 rose in Monday’s trading.

Here is how Monday’s Mart Movers reacted:

April 15, 2016

New York, New York – April 15th, 2016 – U.S. markets crept higher Thursday on better-than-expected earnings results from the Banking sector. The Dow Jones Industrial Average eked out a 0.08 percent gain to close up 2.86 percent year-to-date, while the S&P 500 Index increased 0.02 percent to close up 1.91 percent year-to-date. Additionally, the Labor Department reported jobless claims dropped by 13,000 to 253,000 in the week ended April 9th, equaling the lows seen in March, which was the lowest since November 1973.

April 14, 2016

New York, New York – April 14th, 2016 – Markets were buoyed by better-than-expected earnings from J.P. Morgan Chase & Co. on Wednesday. Shares of J.P. Morgan Chase & Co. jumped 4.62 percent to close at $62.02 a share. "Bank stocks have been so beaten up that any good news, either on better credit conditions driven by higher energy prices or news on cost-cutting, is likely to underpin those stocks," said Julian Emanuel, equity and derivatives strategist with UBS.

April 13, 2016

New York, New York – April 13th, 2016 – U.S. markets spiked Tuesdays as oil prices climbed higher on speculation of a production freeze by major oil producers. The Dow Jones Industrial Average rose 1.04 percent, while the S&P 500 Index gained 1.11 percent. On Tuesday, Brent Crude, considered the global benchmark, spiked by as much as 3.4 percent to $44.28 a barrel, a five-month high.

April 11, 2016

New York, New York – April 12th, 2016 – Financial stocks are experiencing a disappointing 2016 as the Federal Reserve have continued to keep interest rates low. The Financial Select Sector SPDR Fund ETF (NYSEARCA: XLF) has fallen approximately 7.0 percent year-to-date, compared to a 0.10 percent decline for the S&P 500 Index. Banks have been amongst the biggest losers in the financial sector as the SPDR KBW Bank ETF (NYSEARCA: KBE) has fallen approximately 12.0 percent year-to-date.

April 7, 2016

New York, New York – April 8th, 2016 – After a rocky start to 2016 the Biotechnology Industry has begun to show signs of breaking out in April. The iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) has gained approximately 10.0 percent in the past week, in comparison the Dow Jones Industrial Average and the S&P 500 Index have posted gains of 0.17 percent and 0.30 percent, respectively. On Wednesday, the iShares NASDAQ Biotechnology Index ETF spiked 5.99 percent, the largest daily gain in over 7 years, on volume that was nearly triple its 30-day average.

April 6, 2016

New York, New York – April 7th, 2016 – Energy stocks climbed higher Wednesday as oil prices surged as a result of an unexpected drop in U.S. inventories. On Wednesday, the Energy Information Administration reported U.S. crude oil inventories declined by 4.9 million barrels for the week ended April 1st. Analyst surveyed by Bloomberg had forecasted an increase of 2.85 million barrels. Brent crude, the international benchmark, spiked 5.3 percent to $39.88 a barrel.

April 5, 2016

New York, New York – April 6th, 2016 - Gold mining stocks spiked Tuesday as prices for the precious jumped on growing safe haven demand. The Market Vectors Gold Miners ETF (NYSEARCA: GDX) and the Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) posted gains of 3.07 and 2.95 percent, respectively, while the Dow Jones and S&P 500 Index posted declines of 0.75 percent and 1.01 percent. Gold futures rose 0.9 percent to $1,229.50 an ounce on the Comex division of the New York Mercantile Exchange.

April 4, 2016

New York, New York – April 4th, 2016 - Markets pushed lower Monday as another drop in oil prices erased last week’s momentum, which was attributed to dovish comments from the Federal Reserve. The Dow Jones Industrial Average fell 0.28 percent to close at 17,742.73, up 1.83 percent year-to-date, while the S&P 500 Index fell 0.31 percent to close at 2,066.30, up 1.1 percent year-to-date. West Texas Intermediate oil for May delivery dropped 3.0 percent to $35.70 a barrel on Monday, following a 4.0 percent drop Friday.

March 31, 2016

New York, New York – April 1st, 2016 - Gold miners have been amongst the top gainers in 2016 as prices for the precious metal have soared after hitting multi-year lows in 2015. Market Vectors Gold Miners ETF (NYSEARCA: GDX) is up approximately 46.0 percent year-to-date, while the Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) has gained approximately 45.0 percent year-to-date. Gold prices received a boost earlier this week after comments made by Federal Reserve Chairwoman Janet Yellen pushed the dollar lower, increasing gold’s appeal as a safe haven.